Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside for a focused investment approach. Income options include mid-term stays, furnished rentals, and Airbnb-style hosting due to location advantages.
Sold for $212,500
$212,500
520 Riverland Rd SE, Roanoke, VA 24014
--beds
--baths
1,506sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$141/sqft
$1,282 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,282/mo
Zestimate® history
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Rent Zestimate®
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$1,052/mo
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: January 15, 2026 at 06:29am
Listed by:
KATHY CHANDLER 540-819-4640,
MKB, REALTORS(r)
Bought with:
BRANDON HORNBY, 0225244035
NEST REALTY ROANOKE
JULIA ALYS HORNBY, 0225253623
Source: RVAR,MLS#: 923348
Facts & features
Interior
Heating
- Baseboard Electric, Radiator Gas Heat
Cooling
- Has cooling: Yes
Features
- Breakfast Area, Storage
- Has basement: Yes
Interior area
- Total structure area: 1,506
- Total interior livable area: 1,506 sqft
Property
Parking
- Parking features: Other - See Remarks
Lot
- Size: 6,969 sqft
Details
- Parcel number: 4031012
- Zoning: RM-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl
Condition
- Completed
- Year built: 1924
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Roanoke
- Subdivision: N/A
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Sold | $212,500-5.5%$141/sqft |
Source:  RVAR #923348 Report a problem | ||
| 12/16/2025 | Pending sale | $224,950$149/sqft |
Source: RVAR #923348 Report a problem | ||
| 12/12/2025 | Listed for sale | $224,950$149/sqft |
Source: RVAR #923348 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,943 +5.3% | $159,300 +5.3% |
| 2024 | $1,846 +17.7% | $151,300 +17.7% |
| 2023 | $1,568 +7.6% | $128,500 +7.6% |
Find assessor info on the county website
Neighborhood: Riverland/Walnut Hill
Nearby schools
GreatSchools rating
- 8/10Crystal Spring Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 2/10James Madison Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Crystal Spring
- Middle: James Madison
- High: Patrick Henry
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Roanoke City
- Roanoke
- 24014
- Riverland/Walnut Hill
- 520 Riverland Rd SE